10. DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 2) (USD $)
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6 Months Ended |
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Dec. 31, 2013
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Derivative Financial Instruments And Fair Value Measurements Details 2 | |
Balance at June 30, 2013 | $ 0 |
Initial fair value recording of warrant derivative liability as debt discount | 144,241 |
Effects of foreign currency exchange rate changes | (12,316) |
Initial fair value of warrant derivative liability included in statements of operations | 259,251 |
Change in fair value included in statements of operations | (227,617) |
Balance at December 31, 2013 | $ 163,559 |
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